The S&P 500 recently broke support and is now– as of this writing– lingering just below its 200-day simple moving average (SMA). Though there is hope for our equities markets to stay strong throughout the year, a major break in support raises a big red flag.
If the S&P 500 continues to fall, breaking its 200-day SMA, additional support will likely not be found until the index reaches the– somewhat far off– ...
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